Real Estate Results, LLC Acquires Multifamily Property In Boston, MA For $1.26M
SOLD
Massachusetts
See Similar DealsMultiFamily3,490 SF
Sold 11/09/2021
SOLD
Real Estate Results, LLC Acquires Multifamily Property In Boston, MA For $1.26M
308-310 Faneuil St, Boston, Brighton, Massachusetts, USA
See Similar DealsMultiFamily3,490 SF
Sold 11/09/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:3,490 SF
Transaction Type:Sale
The multifamily property located at 308-310 Faneuil St in Boston, MA was recently sold for a total of $1,262,000. The sale took place on November 9, 2021. The property consists of 3 units, with a price per unit of $420,667. It spans across a total area of 3,490 square feet, with a price per square foot of $362.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,262,000
- Date: 11/09/2021
- Address: 308-310 Faneuil St
- Market: Boston, MA
- Units: 3
- Price per Unit: $420,667
- Square Footage: 3,490
- Price per Square Foot: $362
The buyer was represented by Matthew Lane from Real Estate Results, LLC, while the seller was represented by The McLaren Team from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,306.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,483.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,982.52
Annual Debt Service$71,790.29
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